Table of ContentsUnderstanding the Schedule of ValuesKey Components of a Schedule of ValuesImportance of a Schedule of ValuesWhen to Implement a Schedule of ValuesBuilding an Effective Schedule of ValuesCommon Challenges and Solutions in Using SOVsBest Practices for Reviewing and Updating SOVsSummaryFrequently Asked Questions A schedule of values (SOV) is key to managing costs and payments in construction projects. It breaks down all tasks and their associated costs, ensuring transparency and alignment among stakeholders. This guide will delve into the components of an SOV, its importance, and best practices for its use. Plus, see how QuestCDN can help you bid on projects the right way.